Lido Wrapped Staked ETH on Robinhood Chain

wstETH, the non-rebasing form of stETH, the token Lido issues for ether staked through it. A curated set of node operators runs the validators, the stake keeps earning, and stETH passes those rewards on by increasing the holder's balance every day. Plenty of contracts cannot cope with a balance that moves on its own, so wstETH holds the balance fixed and lets the amount of stETH it unwraps into grow instead. That makes it the form used as collateral and the one bridged to other chains. Lido opened in December 2020.